CVRx Faces Investigation After 46.3% Stock Drop Due to Salesforce Issues
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2h ago
0mins
Source: Globenewswire
- Performance Decline Reason: CVRx attributed its weak first-quarter results in 2024 to disruptions in the salesforce caused by the retirement of the previous CEO, which adversely affected market development and the adoption of Barostim therapy.
- Stock Price Volatility: On April 8, 2025, CVRx's stock plummeted 46.3%, falling $5.34 to $6.20 per share due to disappointing preliminary results, indicating strong investor concerns about the company's outlook.
- Sales Team Restructuring Impact: During the earnings call on May 9, 2025, CEO Kevin Hykes noted that 25% of territory managers were newly hired, leading to significant variability in productivity among new hires, which further exacerbated market uncertainty.
- Investor Loss Investigation: Wolf Popper LLP is investigating potential claims on behalf of investors who suffered losses trading CVRx stock, reflecting heightened market scrutiny regarding the company's governance and management transitions.
Analyst Views on CVRX
Wall Street analysts forecast CVRX stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CVRX is 12.67 USD with a low forecast of 11.00 USD and a high forecast of 14.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
5 Analyst Rating
5 Buy
0 Hold
0 Sell
Strong Buy
Current: 7.310
Low
11.00
Averages
12.67
High
14.00
Current: 7.310
Low
11.00
Averages
12.67
High
14.00
About CVRX
CVRx, Inc. is a commercial-stage medical device company. The Company is focused on developing, manufacturing and commercializing advanced neuromodulation solutions for patients with cardiovascular diseases. The Company's integrated platform technology, Barostim, is designed to leverage the power of the brain and nervous system to address the imbalance of the autonomic nervous system (ANS), which causes heart failure with reduced ejection fraction (HFrEF) and other cardiovascular diseases. Barostim provides Baroreflex Activation Therapy (BAT) by sending imperceptible and persistent electrical pulses to baroreceptors located in the wall of the carotid artery to signal the brain to modulate cardiovascular function. Barostim is a minimally invasive neuromodulation device that consists of two implantable components, an implantable pulse generator (IPG) and a stimulation lead, and is programmed by a wireless clinician-controlled programmer that communicates with the IPG.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
